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Detroit On The Verge Of Bankruptcy

The city of Detroit has found itself in a $200M+ hole. The city has reported that it will literally “run out of money” in 2012. Watch the video to see mayor Bing’s plan to save the city, which essentially is to cut wages and raise taxes. Not really giving the people more reason to stay, huh?

Thats a shame. My Dad grew up in Ferndale in the 40’s and 50’s. Shortly after I was born, we all moved to Ohio, about a half hour outside of Cleveland. Every time we would come back through the D to visit family further north, he would always say, “Last one out, turn off the lights” My father has passed on, but it seems his words are on the verge of becoming true